US Futures Wobble After Trump-Xi Meeting

2025-10-30 04:12 By Jam Kaimo Samonte 1 min. read

US stock futures shifted between gains and losses on Thursday after President Donald Trump met with Chinese President Xi Jinping in South Korea.

Trump agreed to cut fentanyl tariffs on China by half to 10%, while adding that Beijing pledged to pause rare earth export restrictions for one year and resume soybean purchases immediately.

Meanwhile, investors digested mixed earnings from Big Tech, with Alphabet jumping nearly 7% in extended trading on stronger-than-expected results.

In contrast, Meta slumped over 7% after reporting a $15.93 billion one-time charge linked to President Trump’s One Big Beautiful Bill Act, while Microsoft fell more than 4% after saying its OpenAI investment reduced quarterly earnings by $3.1 billion.

Investors now await results from Apple and Amazon later in the day.

Elsewhere, the Fed delivered a widely expected quarter-point rate cut on Wednesday, though Chair Powell signaled uncertainty about another move in December.



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